NASDAQ 1day MA200 test after more than 7 months. Huge BUY!!
Nasdaq / US100 is trading inside a Channel Down since the July 19th high.
Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
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Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
Follow us, like the idea and leave a comment below!!
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